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When a relative passes away, your family will need as much support as possible. Whilst financial protection can’t bring back the loss suffered, it can go some way to alleviating any additional stress that might be brought about as a result. Direct Line offers life insurance policies to potentially meet your needs.
Direct Line is an established British Insurer having been helping their customers with their insurance needs since 1984. It began life as the country’s first direct car insurance provider and now offers protection for customers over a number of products such home, travel and life insurance
Direct Line offers two primary types of life insurance with an add-on option for customers to choose:
Your cover will be fixed in its payout amount for the duration of the policy period. This means you can be assured of the value of your life insurance policy’s benefit payment when it is valid for collection.
If you have purchased a £50,000 life insurance policy to cover a mortgage, this might be a more effective type of life insurance cover. It will be more competitive than level term cover, and possibly suit your needs better. As mortgage obligations decrease over time, so does this life cover payout. A £50,000 life insurance policy will to nil upon policy expiry.
Critical 3 adds Critical Illness Cover to your Life Insurance Policy. Life Insurance pays out upon death of a policyholder or a terminal illness, while Critical Illness pays out upon diagnosis of serious illness. In this case, it will be in the event of three specified conditions: Cancer (excluding less advanced cases), Heart Attack ( of a specified severity), and Stroke (also of a specified severity). It is designed to ease your financial burden in this event especially if you are left unable to work and continue to earn an income. This will enable you and any dependents you have to pay off debts or meet other financial obligations. This cover will only pay out once, but your Life Insurance policy with Direct Line will continue.
You will need to survive for at least two weeks in order to make a claim and the Critical 3 cover will end once your claim has been approved
We compare plans from the leading life insurance providers
|Name||Age Range at Application||Cover Range||Terms||Pays Out||Joint Cover|
|Direct Line Level Term Life Insurance||17-75||Unspecified||3 to 50 years (but policy must end before you turn 86)||If you die or get a terminal illness during the cover period||Yes, but the policy will only be paid out once|
|Direct Line Decreasing Term life insurance||17-75||Unspecified||3 to 50 years (but policy must end before you turn 86)||If you die or get a terminal illness during the cover period||Yes, but the policy will only be paid out once|
|Direct Line Critical 3 life insurance (add-on option, NOT standalone)||17-75||Unspecified||3 to 50 years (but policy must end before you turn 86)||If you suffer a heart attack or stroke, or are diagnosed with cancer||Yes, but the policy will only be paid out once|
|Direct Line Over 50s life insurance||50-85 (up to 81 for those who smoke||Up to £15,000||Until you turn 90||If you die||No|
N.B. Policyholders must reside in England, Wales, Scotland or Northern Ireland (not including the Isle of Man or the Channel Islands)
Three Stars (out of five), i.e. a standard product providing an average level of features and benefits
Direct Line customers are introduced to AIG Life Limited by UK Insurance Business Solutions Limited who are authorised and regulated by the Financial Conduct Authority. Registration number 313783
Registered office: The Wharf, Neville Street, Leeds LS1 4AZ Registered in England and Wales No.117998
Call free on: 0800 0778 297
|Critical illness (decreasing)||Life Insurance||3|
|Critical illness (level term)||Life Insurance With Optional Critical 3||3|
|Critical illness (direct with life cover)||Life Insurance With Optional Critical 3||4|
|Life assurance (direct)||Life Insurance With Optional Critical 3||5|
|Life assurance (decreasing)||Life Insurance||3|
|Life assurance (level term)||Life Insurance With Optional Critical 3||3|
|Over 50s life assurance||Over Fifties Life Plan||5|
|Defaqto ratings were reviewed on 01/10/2023|